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OPEC Chief Says Russia ‘on Board’ With Deal to Limit Oil Output

  • Non-OPEC cooperation will help re-balance oil market: Barkindo
  • Producers from OPEC committed to Algiers deal, Barkindo says
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OPEC Remains Committed to Algiers Accord: Barkindo

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Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to the group’s Secretary- General Mohammed Barkindo.

Members of the Organization of Petroleum Exporting Countries remain committed to an agreement they reached in Algiers in September to trim output, and cooperation from non-OPEC producers will help bring the oil market back into balance, Barkindo told reporters at an energy conference in Abu Dhabi. Russia is due to join OPEC for talks later this month in Vienna, where the group will convene for its bi-annual meeting.